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Euler Finance Hacker Returns 100 ETH to Affected User After Life-Savings Plea.
Elendu Benedict March 16, 2023 10:12 AM

The hacker who exploited DeFi protocol Euler Finance has returned 100ETH (91 wstETH) to one of the victims of the hack. The user had 86 ETH in the protocol before the $200 million hack.

The user made an input data plea in an on-chain message addressed to the hacker’s wallet address, requesting a reimbursement.

“Please consider returning 90%/80%. I am just a user that had only 78wstETH as my life savings deposited into Euler. You can’t imagine the mess I’m into right now, completely destroyed. I’m pretty sure 20M is life-changing for you, and you’ll bring back joy to a lot of affected people,” the user said.

In an act of kindness, the hacker returned the user’s funds with an additional 14ETH (12.7 wstETH).

$1M Reward for Hacker’s Identification

Despite reimbursing one user, the kindness would not rule out the hunt for information about the yet-to-be-identified hacker. Euler yesterday placed a $1 million price tag on whoever had helpful information about the hacker.

Efforts made by Euler to reach out to the hacker have proved abortive. The exploiter has already defiled the DeFi Protocol’s 24-hour ultimatum to return the exploited funds. Despite Euler’s $20 million offer as a bounty, the hacker seems determined to keep the funds.

Another Strategy?

The compassionate show by the hacker toward the user’s message didn’t sit well with some people. Some see it as another strategy to disburse funds and get away with it.

A Twitter user, in response to the news, stated, “The hacker could forge hundreds of messages like this and distribute funds back to ‘victims’ and be seen as a white hat.”

The hacker might have been moved by the user’s “live savings plea,” yet a few view the act as a new strategy to get funds off the blockchain. The hacker’s reimbursement doesn’t make the hack a whitehat exploit as the hacker failed to comply with the 10% bounty offering made by Euler Finance.

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About the Author

Elendu Benedict View all posts by Elendu Benedict


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